Cincinnati Bell will consolidate its Cincinnati operations downtown in the Atrium Two building at 221 E. Fourth St. and bring 600 jobs to the city from Norwood, Mayor John Cranley said this morning.

The city and the company have agreed to an incentive deal that will have to be approved by the Cincinnati City Council. It calls for the city to reimburse Bell for 80 percent of the city income tax generated by the 600 new jobs. The city will pay up to $840,000 a year for 10 years. If Bell creates more jobs, it would be eligible for another incentive of up to $210,000 a year for 10 years, for a total potential incentive package of $10.5 million.

To get the incentive, Bell will need to retain its current 652 jobs that are in the city and bring the 600 new jobs within three years. It must keep them in the city for 15 years.

Bell will occupy 220,000 square feet of space in Atrium Two, where it already occupies several floors. The company’s operations center on Seventh Street will continue to operate.

The company also considered consolidating in Northern Kentucky and elsewhere in Greater Cincinnati before picking the city.

“We are first and foremost a Cincinnati company,” said Ted Torbeck, president and CEO of Cincinnati Bell, in a news release. “We’re proud of our 140-year Cincinnati heritage and even prouder that we are able to centralize more of our employees in one location while remaining in the city. This move reinforces our commitment to our hometown and enables us to play an even bigger role in making Cincinnati a more vibrant place to live, work and play.”

In a conference call with reporters, Cranley said Torbeck came to him several months ago saying he was looking to consolidate Bell’s operations.